$291M has been spent with the newest round of Federal Stimulus checks The government has issued a new batch of $1,400 stimulus checks, bringing the total number of payments to almost 167 million, or about $391 billion This tranche included more than 1.8 million payments worth more than $3.5 billion Most of the payments were… Continue reading Business News – 5-27-2021
Tag: Business News
Business News – 5-25-2021
Microsoft: the company has no plans to compete with doctors Microsoft expects the Nuance deal to expand its market opportunity in health care Nuance’s CEO will report to Microsoft cloud chief Scott Guthrie, who says both companies want to target software developers, not health-care providers themselves Moderna has reported its Covid vaccine to be 100%… Continue reading Business News – 5-25-2021
Business News – 5-24-2021
Peloton plans to invest $400 million to build its first U.S. manufacturing facility In Troy Township, Ohio, Peloton is going to invest $400 million to build its very first manufacturing factory in the U.S. By 2023, Peloton plans to be producing equipment at this factor and has plans to break ground later this summer In… Continue reading Business News – 5-24-2021
Business News – 5-21-2021
Popular dating apps like Tinder and Bumble partner with the White House to raise vaccine awareness White House has announced partnership with popular dating apps such as Tinder, OKCupid, Plenty of Fish, and more to raise vaccine awareness 42% of adults which age from 18 to 34 say that they aren’t willing to get the… Continue reading Business News – 5-21-2021
Business News – 5-19-2021
Under Armour is set to increase hourly wages to $15 Under Armour has announced that they are raising their wages for hourly retail workers in Canada and the United States, which affects over 8,000 jobs This increase in wage will be effective June 6 The part- and full-time employees who will see a compensation bump… Continue reading Business News – 5-19-2021
Business News – 5-18-2021
Macy’s shares rise after retailer reports surprise profit, hikes full-year outlook Macy’s reported a surprise fiscal first-quarter profit, as shoppers returned to stores to refresh their wardrobes The retailer raised its full-year outlook, citing the momentum it’s seeing in its shops and online for the heightened optimism CEO Jeff Gennette said the retailer is seeing… Continue reading Business News – 5-18-2021
Business News – 5-17-2021
Biden warns states with low Covid vaccination rates may see cases rise again President Joe Biden warned Monday that coronavirus case numbers could rise once again in U.S. states with low Covid-19 vaccination rates For the first time since the pandemic began over a year ago, Covid-19 cases are down in all 50 states, Biden… Continue reading Business News – 5-17-2021
Business News – 5-14-2021
Facebook races to remove anti-vaccine profile picture frames Despite a policy banning anti-vaccine messaging on its platform, Facebook continued to host frames with claims that users can overlay onto their profile pictures After CNBC reached out for comment about one such frame claiming, “my immune system works better than the” followed by a graphic of… Continue reading Business News – 5-14-2021
Business News – 5-13-2021
SpaceX reveals first orbital Starship Plan Elon Musk’s SpaceX revealed its plan for an orbital flight test of its next-generation Starship rocket, which would launch from Texas and then splashdown off the coast of Hawaii Starship prototypes stand at about 160 feet tall, or around the size of a 16-story building, and are built of… Continue reading Business News – 5-13-2021
Wall Street Company Earnings – 05-11-2021
DISCLAIMER: This is not investment advice. The information is not guaranteed to be accurate. Any investment should be vetted and researched by the individual making the investment decision. We are not liable for poor investment choices. No information on our website is intended to be used to determine suitability of an investment. Our financial markets… Continue reading Wall Street Company Earnings – 05-11-2021
Business News – 5-12-2021
Wendy’s raises its forecast for 2021, as its breakfast and chicken sandwich boost sales Wendy’s reported better-than-expected earnings Wednesday The company said it expects sales of its breakfast items to grow, prompting it to raise its forecast for the rest of the year The fast-food chain’s new chicken sandwich also boosted sales and helped it… Continue reading Business News – 5-12-2021
Wall Street Company Earnings – 05-10-2021
DISCLAIMER: This is not investment advice. The information is not guaranteed to be accurate. Any investment should be vetted and researched by the individual making the investment decision. We are not liable for poor investment choices. No information on our website is intended to be used to determine suitability of an investment. Our financial markets… Continue reading Wall Street Company Earnings – 05-10-2021
Business News – 5-11-2021
Palantir reports 49% revenue growth for its first quarter Palantir, the maker of software and analytics tools for the defense industry and large corporations, reported 49% revenue growth for its first quarter, beating Wall Street estimates It also came in line with earnings estimates Palantir said it expects to bring in $360 million in revenue… Continue reading Business News – 5-11-2021
Business News – 5-10-2021
Virgin Galactic shares fall after another quarterly loss, no date set for next spaceflight test Virgin Galactic delivered first quarter results after the market closed on Monday, announcing that it has yet to set a target date for its next spaceflight test, which the company previously planned for this month The space tourism company reported… Continue reading Business News – 5-10-2021
WALL STREET COMPANY EARNINGS – 05-06-2021
DISCLAIMER: This is not investment advice. The information is not guaranteed to be accurate. Any investment should be vetted and researched by the individual making the investment decision. We are not liable for poor investment choices. No information on our website is intended to be used to determine suitability of an investment. Our financial markets… Continue reading WALL STREET COMPANY EARNINGS – 05-06-2021
Business News – 05-07-2021
US Job Growth slows sharply in sign of hiring struggles America’s employers added just 266,000 jobs last month, sharply lower than in March and a sign that some businesses are struggling to find enough workers as the economic recovery strengthens With viral cases declining and states and localities easing restrictions, businesses have added jobs for… Continue reading Business News – 05-07-2021